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May 9, 2014
08:54 EDTALUAlcatel-Lucent reports Q1 EPS (4c) vs. (7c)
Reports Q1 revenue EUR2.96B vs. EUR3.06B last year. Reports gross margin improvement of 410 basis points year-over-year to 32.3%, driven essentially by favorable product mix and improved profitability in most business divisions. CEO Michel Combes said: “Having put the Group in the right financial direction last year we are encouraged by the continued progress shown in the first quarter of 2014. This confirms the industrial logic of the strategic choices we have made and provides a good start on which to build during the rest of 2014 as we work towards our objective of bringing the Group as a whole back to positive free cash flow by 2015.”
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